There will probably be two audiences for this article:
- If you’re reading this from TheFinance.sg, chances are that you are a (very) burned shareholder, down as much as 22% on your money.
- If you are a regular subscriber, chances are you are seeking profitable trading opportunities and/or snarky commentary.
To the first group I offer only sympathies and some lessons; to the second, I offer some thoughts but no particular recommendation.
The Story So Far
Pictures are worth a thousand words:
Here I have used the GPTR screen instead of the usual GP screen to study the price impacts of the institutional guys. The first month or so after listing was characterized by a large number of “price stabilizing” transactions from the bookrunners. Then in April one of them (I think Deutsche) sold off, followed by a purchase by Hutchison Whampoa (a substantial amount as we shall see). The ...
...